About Equilibrium Ico
MapMetrics Ico Key Information
|Token Name||Equilibrium Ico|
|Token For Sale||720,000,000 EQ|
|Personal Cap||500 USDc – 25 000 USDC|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
EQ Utility token
EQ enables the community governance of Equilibrium. It can be used for transaction fees, product fees, and platform liquidity on Equilibrium.
EQ holders have a say in system changes and EQ-weighted votings.
Users pay transaction fees for operations on Equilibrium’s Substrate and product fees in EQ.
Liquidity providers can earn yield by locking EQ in Equilibrium’s liquidity pools.
EQ holders receive rewards on their tokens staked to Equilibrium’s governance.
How Many EQ Tokens Are There in Circulation?
Equilibrium Ico total supply is 12 billion EQ tokens, fully compatible across every smart-contract enabled blockchain bridged with Polkadot. Based on the token release schedule there will be ~ 7% of the total supply circulating after the parachain onboarding. According to our launch roadmap, this is planned for June.
Equilibrium Ico expect over 75% of EQ tokens to be distributed to the public by the end of the first parachain lease on Polkadot
Tokens vest monthly starting from TGE. Annual EQ inflation rate is 2.5% from initial volume to ensure adequate liquidity in the market
10% allocated on TGE, 90% vested monthly (linear)
Who Are the Founders of Equilibrium?
Alex Melikhov is the founder and CEO of Equilibrium. Alex is an engineer in applied mathematics by training. Before blockchain, he was working on fintech projects.
Equilibrium current team has been working together since 2017 building on Ethereum back in the day. In 2018, the team kicked off the development on EOS. In April 2019 the team launched the first decentralized EOS-based stablecoin as the first product of the Equilibrium’s product line, called EOSDT. Today EOSDT is the most liquid decentralized stablecoin and the biggest DeFi project on EOS, with over $14 million of total value locked in smart contracts, and over 1,000 user positions generated.
Now the team is developing on Polkadot to obtain true cross-chain interoperability and to turn Equilibrium into a full-fledged DeFi one-stop shop.
Why Equilibrium Matters
Decentralized Finance (DeFi) has demonstrated impressive growth in the past two years becoming the most dynamically evolving segment of the crypto market. The total value locked in DeFi (TVL) peaked at a solid $253B in December 2021 . Nearly 42% of these funds (roughly $106B) are locked as collateral to back leveraged positions in lending and derivative instruments that DeFi offers.
Equilibrium Ico Capital efficiency in the given instruments may seem questionable though as the effective leverage that users get on their funds is often quite low. What are the fundamental reasons behind the mentioned inefficiency? How to solve them without sharpening the response to shocks originated in the crypto market?
Why is Equilibrium unique?
Other than the fact that Equilibrium focuses on cross-chain functionality from the outset, it is the first DeFi conglomerate that is designed to deliver a unique user experience and to end market fragmentation.
Equilibrium Ico is based on a unique and innovative architecture and doesn’t replicate any of existing DeFI concepts and makes the system way more stable. Here are core components that implement this architecture and set Equilibrium apart from other DeFi projects:
Cross-chain money market
Equilibrium consists of a substrate-based engine on the Polkadot network and smart contracts on bridged blockchains that act as non-custodial liquidity pools. The engine enables cross-chain interoperability for these pools and unites them into a decentralized lending platform with advanced price discovery and bailout mechanics.
Equilibrium Ico is addressing the three main challenges of DeFi that we outlined in the first chapter. It is eliminating DeFi fragmentation by offering a money market with integrated DEX to meet the demands of various DeFi users. Thanks to the technology underpinning the platform, it delivers interoperability out of the box. Its liquidation mechanism provides for bailout liquidity to be settled in advance. It thus mitigates the risk of a lack of auction participants to buy liquidated collateral after market turmoil.
A unique risk management system
This monitors the overall system liquidity in real-time across blockchains, starting from individual users’ multi-asset portfolios and aggregating them to follow overall system solvency. It’s constantly assessing system portfolio volatility, conditions of the bailout liquidity pool that is securing loans in the system, and risk profiles of particular user positions.
Programmatic interest rate
Most DeFi lending applications either follow asset utilization or set interest via governance mechanisms. Equilibrium Ico is the first DeFi project that takes a risk-based approach to borrowing cost assessment that is inherited from traditional finance. Practically it means that borrowers can enjoy flexible interest rates that can be adjusted by providing less volatile collateral or setting higher collateralization levels.
Bailouts are a proactive solution to bad debt
Most DeFi projects liquidate a debt by way of auctions, but this isn’t as active and reliable a solution as it should be. That’s why Equilibrium has introduced the bailout mechanism and the associated user role of bailsman who provide liquidity to the bailout pool and efficiently secure loans in the system. In case of liquidations there are no forced auctions needed as debt obligations are simply transferred from defaulted borrowers to balsmen. So it doesn’t matter where the market is going.